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Research Outline
Prepared for Amanda K. | Delivered December 16, 2019
Anti-Aging Skincare Market
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Goals
To understand an overview of the anti-aging skincare market in the U.S. and any insights into mid-level marketing skincare companies in order to prepare for an initial discovery meeting.
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Early Findings
Our background research on the U.S. anti-aging skincare market revealed insights. Here are some key pieces of information we found:
U.S. Anti-Aging Skincare Market Overview
The
North American anti-aging market size
was worth USD 16.58 million dollars in 2019 and is estimated to grow at a CAGR of 5.2% to reach USD 21.36 billion dollars by 2024.
North America
is expected to have a
leading share globally
in the anti-aging market through 2024, and the
U.S. is dominating
the North American region.
Advances in technology and the strong need for consumers to look and feel youthful
are driving the business potential
for both current and new future skincare distributors.
The rising geriatric population is the
major consumer base
, and Baby boomers and Gen Xers are the majority who are considered to be the most informed and cost-effective customer group.
The
sales value growth
of facial anti-aging skincare products in the U.S. purchased in drugstores was $8 million dollars.
Olay Regenerist Micro-Sculpting was the
leading anti-aging skincare
facial brand in the U.S. last year.
Customers in the U.S. who want
anti-aging skincare
moisturizers that are clean, non-toxic, and personalized is an emerging clean beauty trend for 2020.
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